The upcoming release of the US JOLTS data on Tuesday is expected to show job openings below 8 million in October, a key indicator for Fed policymakers setting monetary policy. The data will provide insights into the labor market's supply-demand dynamics, affecting salaries and inflation.
The US
data is scrutinized by market participants and Federal Reserve policymakers because it can provide valuable insights regarding the supply-demand dynamics in the labor market, a key factor impacting salaries and inflation. Job openings have been declining steadily since coming in above 12 million in March 2022, indicating a steady cooldown in labor market conditions. In September, the number of jobs declined to 7.44 million, marking the lowest reading since January 2021.
data refers to the end of October, the official Employment report, which will be released on Friday, measures data for November. In October, Nonfarm Payrolls rose by only 12,000, as hurricanes and labor strikes impacted hiring in a significantly negative way. Commenting on the employment situation in the US, “the labor market is close to stable, full employment,” said Federal Reserve Bank of Chicago President Austan Goolsbee.
report be released and how could it affect EUR/USD? Job opening numbers will be published on Tuesday at 15:00 GMT. Eren Sengezer, European Session Lead Analyst at FXStreet, shares his view on the potential impact of
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